Del Monte Corporation and Riverking Group Announce Joint Venture to Expand Fresh-Cut Fruit Business in China
Del Monte Corporation announced that its subsidiary, Del Monte Fresh Produce (HK) Ltd., has formed a joint venture with Riverking (Shanghai) Agricultural Technology Development Co. to expand into the fresh-cut fruit business in China. The partnership would combine Del Monte with Riverking, a leading integrated private fruit enterprise.
Why it matters — The joint venture opens a new growth opportunity for DMC in China's fresh-cut fruit segment through a partnership with an established local fruit company.